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On Wednesday, The Domestic Unit (Rupee) most likely to commence session with weaker note between 74.35 – 74.45 levels as greenback dollar advanced for a second straight session, bolstered by safe-haven demand, as investors fretted about Afghanistan, a slowing Chinese economy, and the rapid spread of the Delta coronavirus variant which forced some lockdowns.
Inflation is likely to remain within the Reserve Bank of India's (RBI) projected levels for the rest of the year, while highlighting that inflation containment comes at the cost of economic growth.
India will take around six months to announce rules allowing companies to list overseas, taking longer than some expected.
On Tuesday, India top government official said “India is expected to withdraw sugar export subsidies from the new season beginning October as a sharp rise in global prices makes it easier for Indian mills to sell the sweetener on the world market”.
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